AWS Outages Disrupt Coinbase Advanced and Base Tokens

AWS Outages Disrupt Coinbase Advanced and Base Tokens

By BeInCrypto
Today's AWS outages have caused problems for Coinbase, bringing persistent outages to its Advanced trading platform and other core functions. The team hasn't declared the problem over yet.

Article Details

**AWS Outages Cripple Coinbase Advanced Trading Platform, Disrupting Cryptocurrency Markets**

Amazon Web Services (AWS) outages have severely impacted Coinbase, one of the world's largest cryptocurrency exchanges, causing widespread disruptions to its Advanced trading platform and Base blockchain network tokens. The ongoing technical issues have left cryptocurrency traders unable to access critical trading functions, potentially affecting Bitcoin, Ethereum, and other digital asset transactions across the platform.

Coinbase's Advanced trading interface, popular among institutional investors and professional crypto traders, remains offline as the exchange works to resolve AWS-related infrastructure problems. The outages have also impacted Base network tokens, Coinbase's layer-2 blockchain solution built on Ethereum, raising concerns about DeFi protocol accessibility and smart contract functionality.

The cryptocurrency exchange has not yet declared the technical issues resolved, leaving traders in limbo during volatile market conditions. This incident highlights the cryptocurrency industry's continued reliance on traditional cloud infrastructure providers like AWS, exposing potential vulnerabilities in blockchain-based financial systems.

Market participants are closely monitoring the situation as Coinbase works to restore full trading capabilities and Base network functionality.

Article Details

Market Sentiment
positive
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Market

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Source: BeInCrypto

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